E158: @avichal - The $5M Bitcoin case, ETH is 2019 Bitcoin, and why crypto is still very niche Avishal who co-founded Electric Capital, was the first investor in Bitwise, and has backed some of the most important crypto infrastructure companies at seed before any of it was cool. He also shares how growing up as the outsider, the only brown kid in 90s Kentucky, gave him a lens on crypto that most Silicon Valley couldn't see. Timestamps: 0:00 Introduction 1:38 Please Subscribe 2:04 Plastic Surgery, Important For Online Presence? 4:26 KAST Card Plug & My Life Is Built On Stable Coins 6:24 Why Avichal Wears A Cap All The Time? 8:05 What Can You Tell Us About Bitwise 9:51 The People Who Built Bitwise Are Geniuses Or? 10:53 Lessons From Silicon Valley About Beliefs 12:30 Partnerships: @JupiterExchange @KASTxyz 13:06 What Fuels Belief For Successful Entrepreneurs 15:17 Will The Next 50 Elon’s Be Found Or Make It Themselves 18:22 Your Mission Is Finding This Talent & Unlocking 100x Potential In Humanity 19:34 How Early Did You Invest In These Companies 20:15 Is It Luck Or Genius That You Invested 22:04 How Do You Realize Who’s Worth Investing In? 27:03 Spending Time With People Is The Best Identifier For Investing 28:37 Partnerships: @paradex @zashi_app 29:19 The Commonalities Of Successful Businesses Avichal Invested In 32:37 How Of Your Decision Is Based On The Principle Of “They’re Born To Do It” 34:00 Avichal’s Backstory 40:05 Connection Between Crypto & “The Little Guy” 43:32 How Does Silicon Valley Look At Crypto Investors 44:48 Partnerships: @Trezor @BitwiseInvest @SuiNetwork 45:40 What Happens To Those Who Are In Crypto But Don’t Believe In It 47:26 Why The Majority Of People Can’t Buy & Hold In Crypto 53:28 Missionary vs Mercenary Explained 55:03 How High Can Bitcoin, ETH, & Crypto Get Based On These Principles? 1:01:06 The Compounding Effect & Logic Behind Bitcoin Investing 1:02:19 Applying This “Compound Effect” To ETH, SOL, & Bitcoin 1:06:15 Any Other Crypto Assets That May Have Reached Insane Velocity In 2026 1:07:51 Avichal’s Thesis On SUI 1:10:20 Closing Thoughts